Assenagon Asset Management S.A. Trims Position in Unisys Corporation (NYSE:UIS)

Assenagon Asset Management S.A. decreased its holdings in Unisys Corporation (NYSE:UIS - Free Report) by 67.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 115,497 shares of the information technology services provider's stock after selling 241,502 shares during the period. Assenagon Asset Management S.A. owned about 0.16% of Unisys worth $530,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of UIS. Cubist Systematic Strategies LLC grew its stake in shares of Unisys by 680.3% in the fourth quarter. Cubist Systematic Strategies LLC now owns 252,803 shares of the information technology services provider's stock worth $1,600,000 after acquiring an additional 220,404 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in shares of Unisys in the fourth quarter worth $1,260,000. Arrowstreet Capital Limited Partnership grew its stake in shares of Unisys by 179.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 277,583 shares of the information technology services provider's stock worth $1,757,000 after acquiring an additional 178,295 shares in the last quarter. Trexquant Investment LP acquired a new position in shares of Unisys in the fourth quarter worth $1,122,000. Finally, Vanguard Group Inc. grew its stake in shares of Unisys by 2.3% in the fourth quarter. Vanguard Group Inc. now owns 7,096,464 shares of the information technology services provider's stock worth $44,921,000 after acquiring an additional 157,919 shares in the last quarter. Institutional investors and hedge funds own 86.87% of the company's stock.

Unisys Trading Down 0.6%

Shares of UIS stock traded down $0.03 on Monday, reaching $4.13. 601,134 shares of the stock were exchanged, compared to its average volume of 571,992. The business's 50 day moving average price is $4.58 and its 200 day moving average price is $5.26. The company has a market capitalization of $293.16 million, a price-to-earnings ratio of -3.86, a PEG ratio of 0.48 and a beta of 1.35. Unisys Corporation has a twelve month low of $3.32 and a twelve month high of $8.93.

Unisys (NYSE:UIS - Get Free Report) last issued its earnings results on Wednesday, April 30th. The information technology services provider reported ($0.05) EPS for the quarter, topping analysts' consensus estimates of ($0.24) by $0.19. The firm had revenue of $432.10 million during the quarter, compared to the consensus estimate of $441.20 million. Unisys had a negative net margin of 3.76% and a negative return on equity of 11.93%. Equities research analysts forecast that Unisys Corporation will post 0.61 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded shares of Unisys from a "buy" rating to a "hold" rating in a research note on Saturday.

About Unisys

Unisys Corporation, together with its subsidiaries, operates as an information technology solutions company in the United States and internationally. It operates in three segments: Digital Workplace Solutions (DWS); Cloud, Applications & Infrastructure Solutions (CA&I); and Enterprise Computing Solutions.